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201403271
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201403271
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Last modified
10/29/2014 3:33:04 PM
Creation date
6/3/2014 3:19:56 PM
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DEEDS
Inst Number
201403271
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201 403271 <br />to the highest bidder, the purchase price payable in cash in <br />lawful money of the United States at the time of sale. The <br />person conducting the sale may, for any cause he or she deems <br />expedient, postpone the sale from time to time until it shall be <br />completed and, in every such case, notice of postponement shall <br />be given by public declaration thereof by such person at the <br />time and place last appointed for the sale; provided, if the <br />sale is postponed for longer than one (1) day beyond the day <br />designated in the Notice of Sale, notice thereof shall be given <br />in the same manner as the original Notice of sale. Trustee <br />shall execute and deliver to the purchaser its Deed conveying <br />the property so sold, but without any covenant or warranty, <br />express or implied. The recitals in the Deed of any matters or <br />facts shall be conclusive proof of the truthfulness thereof. <br />Any person, including without limitation, Beneficiary or Trustee <br />may purchase at the sale. Said sale shall be conducted at the <br />real estate forming a part of the Property or at the court house <br />in the county in which the Property to be sold, or some part <br />thereof, is situated. <br />(b) When Trustee sells pursuant to the powers herein, Trustee <br />shall apply the proceeds of the sale to payment of the costs and <br />expenses of exercising the power of sale and of the sale, <br />including, without limitation, the payment of Trustee's fees <br />incurred, which Trustee's fees shall not in the aggregate exceed <br />the sum of Five Hundred and no /100th Dollars ($500.00) plus 1/2 <br />of 1% of the amount secured hereby and remaining unpaid and then <br />to the items set forth in subparagraph (c) of this paragraph <br />FIFTH in the order therein stated. <br />(c) After paying the items specified in subparagraph (b) of <br />this paragraph FIFTH, if the sale is by Trustee, or the proper <br />court and other costs of foreclosure and sale if sale is <br />pursuant to judicial foreclosure, the proceeds of sale shall be <br />applied in the order stated below to the payment: <br />(1) Cost of any evidence of title procured in connection <br />with such sale and of any revenue required to be paid; <br />(2) All sums then secured hereby; <br />(3) The remainder, if any, to the person or persons <br />legally entitled thereto. <br />Each of the parties to this Deed of Trust hereby requests that a copy <br />of any Notice of Default and a copy of any Notice of Sale provided <br />for hereinabove be mailed to each such party at the party's post <br />office address set forth herein. Upon the occurrence of any default <br />hereunder, Beneficiary shall have the option to foreclose this Deed <br />of Trust in the manner provided by law for the foreclosure of <br />mortgages on real property. <br />SIXTH. Trustor specifically agrees that (a) Trustor, at its <br />expense, will execute and deliver to Beneficiary, promptly upon <br />request, such security instruments as may be required by Beneficiary, <br />in a form and substance satisfactory to Beneficiary, covering any of <br />the Property conveyed by this Deed of Trust which security <br />instruments shall be additional security for Trustor's faithful <br />performance of all of the terms, covenants and conditions of this <br />Deed of Trust, the Note and indebtedness secured hereby, and any <br />other security instruments executed in connection with the <br />indebtedness secured by this Deed of Trust; and all such instruments <br />shall be filed and recorded at Trustor's expense; (b) Beneficiary <br />
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